Ducktrain - DroidDrive files for insolvency

At the end of April, DroidDrive GmbH filed for insolvency at Aachen District Court. Lawyer Dr. Dirk Wegener was appointed provisional insolvency administrator and is now looking for new investors.

DroidDrive was founded in 2018 and specializes in the development of a special transport vehicle for urban logistics over short distances. The so-called Ducktrains are a type of electric trailer that automatically follows a lead vehicle or a lead person.

Series production and market launch are within reach. We will do everything in our power to attract new investors with a viable restructuring concept

Dr. Dirk Wegener, lawyer and partner at dhpg

18 employees currently work at DroidDrive. Last year, successful tests were carried out with large logistics and e-commerce companies in Europe and customers placed pre-orders for their vehicles. Visits from Hermes Logistik, heijmansnl and Deliver it, among others, can be tracked on social media. The Ducktrain consists of individual Ducks with containers. These have a load capacity of 300 kg per unit and can transport up to 1500 kg per vehicle. The company is now in the final phase of preparing the first generation of vehicles for series production and plans to launch them on the market in the second quarter of 2024.

In search of investors

Delays in negotiations with potential investors led to financial difficulties and ultimately to DroidDrive filing for insolvency. The insolvency administrator is aiming to restructure the company by attracting new investors and thus create positive future prospects for DroidDrive.

DroidDrive GmbH was founded as a spin-off from RWTH Aachen University in 2018. The founders Kai Kreisköther and Fabian Kober had previously worked together for many years on the development of electric and automated vehicles and logistics concepts.